In the monetary report on the first quarter of 2021, the Chinese central bank eases concerns about imported inflation linked, in particular, to commodities. But on a very risky front such as that of the real estate market, confirmation arrives: taxes on the purchase of new homes are being studied to avoid speculative maneuvers that can only aggravate the general picture. There is another element that is frightening, in fact, and it is the speed with which the debt of local authorities is deteriorating.
The assurances of the Chinese central bank
The increase in the PPI (Produce price index) may seem worrying, but the barriers to entry to keep the surge in prices under control will also help keep the phenomenon of imported inflation under control.
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The Chinese Central Bank writes this in its monetary report, the first of 2021, however Beijing intends to move its pawns also on another very hot front: the real estate one, where speculation finds scope to create critical situations.
A meeting of the competent ministers that took place in the capital suggests the introduction, often hoped for but never realized, of heavier taxes for the purchase of new homes.
The market has never stopped, not even during the most acute phase of the pandemic, we continue to invest in the brick, but the spiral damages the new families and in general the market where prices skyrocket.